Used as a versatile intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of compounds with potential biological activities, such as antimicrobial or antifungal agents. Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable complexes with various metals. In research, it serves as a reagent for studying reaction mechanisms and developing new synthetic methodologies. Its application extends to material science, where it is used in the preparation of polymers and coatings with specific properties.